Construction to Perm Loans
What is it?
• A loan to finance the construction phase of
your home that can be transferred into your
permanent loan upon completion
Why Get a Construction to Perm Loan?
• Interest Rate Protection
• You only have to pay
closing costs once since
you are combining your
land purchase,
construction loan, and
permanent closing into
one transaction
What is Involved?
• Standard loan docs
and funds (can be as
little as 3% down)
• Appraisal completed
with Blue Prints
• Builder’s information,
license, and insurance
Transfer
• After completion of your new home you will
need to obtain a Certificate of Occupancy
from the county in which you live. This will
require a final inspection to be completed.
CALL TODAY
To get your Construction to Perm started, call:
Grand Junction:
970-242-7000
Montrose:
970-252-7395
Steamboat Springs:
970-761-2245
COMPLIANCE
Equal Housing Lender. This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be
available at time of application. Information and/or data are subject to change without notice. All loans are subject to
credit approval. Not all loans or products are available in all states. Bay Equity LLC, 100 California Street Suite 1100, San
Francisco, CA 94111-4561; NMLS ID#76988. Loans will be made or arranged pursuant to Departmentof Business
Oversight California Finance Lenders Law License #605-3919; Licensed by the Department of Business Oversight under
the California Residential Mortgage Lending Act- #4150077; Arizona Mortgage Banker License #0910340; Hawaii
Mortgage Loan Originator Company License #HI-76988; MBL-7852 Idaho Mortgage Lender Broker License; Montana
Mortgage Lender License #76988; Nevada Mortgage Broker License #3918.; New Mexico Lender License #76988;
Oregon Mortgage Lender License #4845; Texas SML Mortgage Banker Registration #76988; Utah DRE Mortgage Entity
#7953347; Washington Consumer Loan License #CL-76988; NMLS ID#76988; Colorado Mortgage Company Registration
#76988. Regulated by the Colorado Division of Real Estate. To check the license status of your CO mortgage broker, visit
www.dora.state.co.us/real-estate/index.htm
Texas Mortgage Banker Disclosure: http://bayeq.com/forms/linked-documents/Pursuant-1.pdf
NMLS consumer access: www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/76988
BEHL-140401-6.0